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During 2018, Raines Umbrella Corp. had sales of $800,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $90,000, and $150,000, respectively. In addition, the company had an interest expense of $89,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.)
Problem 1: Suppose the company paid out $53,000 in cash dividends. If net capital spending and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt?
1. Bob's wife died May 2, 2013. He was able to file Married Filing Jointly for tax year 2013 but is uncertain what his filing status will be for the current tax year. Which of the following is listed incorrectlyas a condition that must be met in o..
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Standard unit price of materials £9.00, and Standard direct labour rate £28.00. Calculate the material purchase price variance
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